Rates sourced from Rocket Mortgage's published New Jersey purchase rates, shown with points included so you're comparing real numbers, not a no-points survey average. Your actual rate depends on your credit score, loan amount, and financial profile. Schedule a free review to get your personalized rate.
Most popular loan type. Lower monthly payment, more interest paid over time.
Pay off faster. Lower rate, higher monthly payment, significant interest savings.
Lower credit score requirements. Requires mortgage insurance premium (MIP).
For eligible veterans and active military. No PMI required.
For loan amounts above $802,650. Requires stronger credit and reserves.
A middle ground between 15 and 30-year terms — faster payoff without the higher payment jump.
Rates sourced from Rocket Mortgage's published New Jersey purchase rates as of August 2, 2026. Figures shown include discount points paid at closing, as noted on each card, and assume a $350,000 loan amount ($1.1M for jumbo) with an 80% loan-to-value ratio and strong credit. These are estimates only and do not represent a commitment to lend. Your actual rate will vary based on credit score, loan-to-value ratio, debt-to-income ratio, points chosen, and other factors. Not a commitment to lend.
Includes estimated property taxes, homeowner's insurance, and PMI if your down payment is below 20%. Select your county for localized estimates.
Estimates only. Actual taxes, insurance, and fees vary. Not a commitment to lend.
The 30-year rate peaked above 8% in late 2023. Today's 6.75% is meaningfully lower — but rates remain above the historic lows of 2020–2021. If you bought or refinanced at 7%+ in 2023, now may be a good time to review your options.
Rates have stayed near 6.5–6.6% for several months. Most economists expect rates to stay above 6% through the rest of 2026. If you're qualified and have found the right home, waiting for rates to drop significantly may mean competing for fewer homes later.
A common rule of thumb: refinancing makes sense if you can lower your rate by at least 0.75–1%. With today's rates around 6.75%, if your current rate is above 7.5%, a refinance review is worth scheduling.
National averages assume a 740+ credit score, 20% down, and a primary residence. Your actual rate depends on your credit profile, loan amount, property type, and lender. Gerald reviews your specific file to identify what rate you'd actually qualify for.
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